Capitalism exists to oppress the bottom and protect the top - change my mind

[citygator]

only 65 %? That is well more than half. Yes, most people need more than they have.

Agree. If wages rose like the stock market has then people would be better off at the bottom.

 

[AMart]

Communism is a thousand times worse.

 

[Correll]

Why can’t the answer be that regardless of how you earn your money it’s treated the same? Whether you build a fence or loan money to someone to build a fence, or own the store that sold the fence pieces your earnings are taxed and treated the same? That’s just a start.

I have more of a right to be here than you.

So you want to tax the profits I made when I sold my rental, at a higher rate than it was already?

And you think that will help people build wealth?


I am working to NOT get mad here....


But you might want to consider the literal blood, sweat and tears I put into that pile of wealth, before you try to take even more of it.

 

[Ray From Cleveland]

Why can’t the answer be that regardless of how you earn your money it’s treated the same? Whether you build a fence or loan money to someone to build a fence, or own the store that sold the fence pieces your earnings are taxed and treated the same? That’s just a start.

I have more of a right to be here than you.

I never said you had no right to be here. I'm just the kind of person that likes to see everybody happy. That's why I suggested you move to a country that already has your goals.

Nobody is fighting to get into these Socialist/ Dictatorship countries. Why? Because there is no opportunity there. Right now somebody is dying on the way to our border, or have been raped repeatedly, or already sold as a slave. That's what people are willing to risk for the slightest chance at being part of this evil capitalist system you loathe.

I can't stand Warren Buffet, but I do agree with something he said many years ago: If you were born in the United States, you already started off on second base. I couldn't agree more.

 

[AMart]

Well.. since the top 10% own 89% of all wealth it’s still lopsided. But taxes are only a piece. There is still the tax rate differences on how you earn your money and unrealized profits that a laborer can’t hide.

How about better employee protection on employment to move negotiating power to the worker? Improve the workers ability to negotiate higher wages.

But the bottom 89% can live really well.

 

[Correll]

Agree. If wages rose like the stock market has then people would be better off at the bottom.

Agreed. What policies do we need to encourage rising wages?

 

[Mr Natural]

Agreed. What policies do we need to encourage rising wages?

Taxing the shit out of companies that send jobs overseas for one.

 

[citygator]

So you want to tax the profits I made when I sold my rental, at a higher rate than it was already?

And you think that will help people build wealth?


I am working to NOT get mad here....


But you might want to consider the literal blood, sweat and tears I put into that pile of wealth, before you try to take even more of it.

Not higher rate. An equal rate to the person who was paid $13 an hour to deliver concrete to your house. Why is money earned off capital special? Why can’t it be treated like labor and sweat?

 

[citygator]

Communism is a thousand times worse.

Not saying that’s the answer. Maybe we need a version of capitalism that doesn’t make it so easy for the top to be favored?

 

[Blues Man]

So basically one example of a person rising from the bottom is all that's needed to prove you wrong.

 

[Hang on Sloopy]

I have a way better job than you and likely make 10Xs what you did last year. This isn’t envy. It’s a discussion in equity. I worked hard for my job. I don’t want to be at par with those who don’t work hard. I just think the rules favor those in power. We need more balanced rules.

OMG. You had to work for a living? Slaved to a miserable boss? Had to punch an alarm clock. That ain't a life son

I semi retired at 50 doing what I loved to do. Waking every morning waiting to get started.

Building a company and passing it on to my top guys and gals. I paid more in income taxes in a yr than you made

Sorry you are a slave to the money, then you'll die.....................Bittersweet Syphony

 

[citygator]

OMG. You had to work for a living? Slaved to a miserable boss? Had to punch an alarm clock. That ain't a life son

I semi retired at 50 doing what I loved to do. Waking every morning waiting to get started.

Building a company and passing it on to my top guys and gals. I paid more in income taxes in a yr than you made

Sorry you are a slave to the money, then you'll die.....................Bittersweet Syphony

I seriously doubt it dude. If you’re making more than me then congrats, you make an elite earning that puts you above the top 0.5%. No issue here. You accused me of holding a working for food signs. Nope. I am fine. That doesn’t mean there isn’t a more equitable way for people who work hard to enjoy the same benefits as capital owners. Make it an even playing field. All the rules favor the wealthy and capital owners.

 

[Ray From Cleveland]

Well.. since the top 10% own 89% of all wealth it’s still lopsided. But taxes are only a piece. There is still the tax rate differences on how you earn your money and unrealized profits that a laborer can’t hide.

How about better employee protection on employment to move negotiating power to the worker? Improve the workers ability to negotiate higher wages.

People make themselves what they are worth. If you don't make enough money at your job, then the solution is not for government to force them to pay you more. The solution is to make your labor more valuable to employers.

Years ago we did have an entity to negotiate wages. They were called unions. They became so large and powerful they chased many of our jobs overseas, and today many of our products are made in China. The jobs that didn't move were replaced by machines.

You and I are competitors. We have widget factories. You pay your employees exceptionally well, and I pay mine what I can get their labor for. Now Amazon wants to buy widgets. My widgets are half the price of yours. Who do you think Amazon will buy widgets from?

Labor costs are passed down to the consumer, and unfortunately, our consumers are obsessed with price. You can't pay your employees great money if the consumer will not support it.

 

[AMart]

Not saying that’s the answer. Maybe we need a version of capitalism that doesn’t make it so easy for the top to be favored?

Almost impossible they kinda write the rules, own the politicians, etc. But more concerning is seeing the overt actions of the Global Banks, and Global Corporations....I mean the fake virtue signaling and alignment with cultural marxist garbage.

 

[Toddsterpatriot]

We have embraced Supply Side Economics which puts the worker at a disadvantage

Sounds awful!
What is "Supply Side Economics"?
Why does it put the worker at a disadvantage?

 

[Mr Natural]

Back in the day when America was great, it was called the Personnel Department. Now it's called Human Resources. Think about that for a while.

 

[Woodznutz]

Something I've noticed, as I have built wealth, is that is you do anything with your money to build wealth, you are taxed at every step, as though the government is trying to stop you.


I moved and kept my old house as a rental. I put a lot of work into it, to improve it. Every ouch of supplies I bought to do that with, I bought with money I earned in my job, each dollar taxed.


All the supplies I bought, taxed.

As I increased the value of the rental, the taxes increased.


When I sold it, I paid taxes on the increase in value, some of which was based on materials that were already taxed when I bought them and put in with my labor.


Now, I took that money and invested it in a mutual fund. Paid taxes on that purchase. If I make money there, I will pay taxes on it.


Something to consider.

I have no problem with paying taxes, which are actually quite low here, as long as I get value from it.

 

[Thinker101]

I have a way better job than you and likely make 10Xs what you did last year. This isn’t envy. It’s a discussion in equity. I worked hard for my job. I don’t want to be at par with those who don’t work hard. I just think the rules favor those in power. We need more balanced rules.

Great, lead by example, send 90% of your assets to Biden.

 

[Toddsterpatriot]

Your analysis is salary. Not total compensation.

Median CEO getting enough other compensation to make your 270Xs claim true?

 

[Ray From Cleveland]

That doesn’t mean there isn’t a more equitable way for people who work hard to enjoy the same benefits as capital owners. Make it an even playing field. All the rules favor the wealthy and capital owners.

Running a company is a huge risk; a risk a lot of people won't take. Why would you take on these risks, these responsibilities, work endless hours to make nearly as much as you pay your labor? That would make no sense at all. Nobody would want to open up a business in a system like that. They would sooner just look for a job.